Acquisition (Tables)

3 Months Ended

Mar. 28, 2020

Sinmat Acquisition

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the provisional allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition date:

(In thousands):	As of January 10, 2020
Trade accounts and note receivable, net	$	1,189
Inventories, net	1,010
Other current assets	8
Property, plant and equipment	63
Identifiable intangible assets	41,680
Right-of-use assets	1,712
Accounts payable and accrued liabilities	(58)
Short-term lease liability	(150)
Long-term lease liability	(1,562)
Net assets acquired	43,892
Goodwill	31,751
Total purchase price, net of cash acquired	$	75,643

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The Company recognized the following finite-lived intangible assets as part of the acquisition of Sinmat:

(In thousands)	Amount		Weighted average life in years
Developed technology	$	7,650	7.0
Trademarks and trade names	130		1.3
Customer relationships	33,900		15.0
	$	41,680	13.5

Anow Acquisition [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the provisional allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition date and as adjusted as of March 28, 2020:

(In thousands):	As of September 17, 2019		As of March 28, 2020
Trade accounts and note receivable, net	$	3,455	$	3,455
Inventories, net	4,242		4,459
Other current assets	202		794
Property, plant and equipment	8,863		8,257
Identifiable intangible assets	42,179		16,439
Right-of-use assets	—		2,328
Other noncurrent assets	1,565		74
Accounts payable and accrued liabilities	(1,814)		(5,022)
Short-term lease liability	—		(88)
Long-term lease liability	—		(107)
Noncurrent deferred tax liabilities	(10,890)		(4,129)
Other noncurrent liabilities	—		(3,270)
Net assets acquired	47,802		23,190
Goodwill	25,212		49,608
Total purchase price, net of cash acquired	$	73,014	$	72,798

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The Company recognized the following finite-lived intangible assets as part of the acquisition of Anow:

(In thousands)	Amount		Weighted average life in years
Developed technology	$	6,764	6.8
Trademarks and trade names	2,019		7.3
Customer relationships	7,656		14.3
	$	16,439	10.3

MPD Acquisition [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the provisional allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition date and adjusted as of March 28, 2020:

(In thousands):	As of July 15, 2019		As of March 28, 2020
Trade accounts and note receivable, net	$	3,575	$	3,575
Inventories, net	21,899		8,689
Other current assets	318		313
Property, plant and equipment	14,571		11,465
Identifiable intangible assets	74,900		79,390
Right-of-use assets	3,677		3,621
Accounts payable and accrued liabilities	(2,440)		(2,153)
Short-term lease liabilities	(144)		(88)
Long-term lease liabilities	(4,016)		(4,016)
Other noncurrent liabilities	(1,416)		(1,416)
Net assets acquired	110,924		99,380
Goodwill	51,457		63,042
Total purchase price, net of cash acquired	$	162,381	$	162,422

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The Company recognized the following finite-lived intangible assets as part of the acquisition of MPD:

(In thousands)	Amount		Weighted average life in years
Developed technology	$	12,750	11.0
Trademarks and trade names	620		2.0
Customer relationships	66,020		17.0
	$	79,390	16.0

DSC

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the final allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition and as adjusted as of December 31, 2019:

(In thousands):	As of March 8, 2019		As of December 31, 2019
Trade accounts and note receivable, net	$	1,840	$	1,840
Inventories, net	5,523		4,307
Other current assets	1,389		1,437
Property, plant and equipment	16,791		16,654
Identifiable intangible assets	7,976		6,870
Right-of-use assets	79		79
Deferred tax asset	1,104		1,066
Other noncurrent assets	—		28
Accounts payable and accrued liabilities	(2,461)		(2,861)
Deferred tax liabilities	(2,861)		(1,802)
Long-term lease liability	(37)		(37)
Net assets acquired	29,343		27,581
Goodwill	35,133		36,540
Total purchase price, net of cash acquired	$	64,476	$	64,121